On the news that The LEADCORP is acquiring the management rights of MASON CAPITAL, the stock price of MASON CAPITAL has surged on the 13th.
As of 9:27 a.m. on that day, MASON CAPITAL is trading at 411 won, up 86 won (26.46%) compared to the previous trading day. MASON CAPITAL had also surged 12.46% the day before.
Earlier, The LEADCORP announced that it had signed a stock purchase agreement to secure management rights in MASON CAPITAL on the 12th. Under this agreement, The LEADCORP will acquire 47.3% of the common stock of MASON CAPITAL from the Cactus Buyout No. 6 Private Equity Investment Association. The transaction is expected to be finalized on the 15th of this month. The acquisition amount is 61.62344 billion won.
The LEADCORP's acquisition of MASON CAPITAL is part of its strategy for business diversification and securing future growth drivers. MASON CAPITAL plans to participate as a major shareholder in Soso Bank, which The LEADCORP and others are pushing for licensing as the fourth internet-only bank.